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Registration InformationLenders and Sellers (Secured Parties) register their interest in the personal property of a debtor to secure payment of the debt and to establish a priority position in the collateral vis a vis other secured parties. Garage keepers register non-possessory liens against motor vehicles, trailers, boats, outboard motors or aircraft for collection of outstanding repair bills. Buyers may register a buyer's interest in the personal property of a seller to protect the buyer's interest in goods purchased and left in the possession of the seller. Taxing Authorities register tax liens against the personal property of a taxpayer for collection of outstanding taxes. Others: Agents, notaries, law firms and other parties who have been authorized to act as registering parties on behalf of secured parties may register statements on their behalf. The registration service provided by the Personal Property Registry provides a means for secured parties and other registering parties to register their interest in a public registry which is searchable by the same parties and the general public. The registration is a notice that the interest in the collateral exists. Searching parties must contact the secured party for specific details, such as, the status of the loan or the amount outstanding. Secured parties may be entitled to seize and sell the collateral to satisfy the outstanding debt.
What is Required to Register? Financing Statement
Repairers Lien
Financing Statement Financing Change
Statement The Personal Property Registry DOES NOT register Builders' Liens, Warehousemans' Liens, Judgments or Motor Vehicle ownership.
Where and How Do You Register? All base registrations, renewals, discharges, changes and amendments must be filed electronically through BC OnLine. Registering with BC OnLine will allow you to perform all of the above services yourself. For more information about opening a BC OnLine account, go to the BC OnLine Web site. In addition, base financing statements can be filed at Government Agents offices. Alternatively, you may wish to hire one of the service providers listed below who are available to provide Personal Property Registry electronic filing services for a fee. If you require legal assistance, consult a lawyer. All phone numbers are toll-free.
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